Down Round

The Firmus IPO Disaster

October 13, 2026·39 min
Episode Description from the Publisher

Over the course of a week, Aussie neocloud company Firmus went from expecting a $40B IPO to cancelling it all together. The company and its Co-CEO Oliver Curtis have, to some, become a punching bag for the media and online critics alike. On the other hand, some are suggesting that Australia's 'tall poppy syndrome' may be obscuring a key opportunity for the country to get a slice of the AI pie. In this episode, Raph and Jimbo take us through the media circus day-by-day to diagnose what went wrong. Get your tickets for the Richard Cooke Book launch AKA Down Round LIVE (GET IN QUICK, ONLY STANDING ROOM LEFT!): https://www.trybooking.com/events/landing/1647769 If you like the pod, chuck us a review on your podcast player of choice, or go to downround.net to sign up for PREMIUM to get ad-free listening PLUS an extra episode every week.See omnystudio.com/listener for privacy information.

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